Bringing Nationwide, Virgin Money and Clydesdale Bank together
17 November 2025
In October 2024, Virgin Money, Clydesdale Bank and Nationwide became part of the same group. We’re now working towards our businesses becoming part of Nationwide on 2 April 2026, if the Court approves the transfer.
Please read this email carefully, together with ‘Your questions answered’ at virginmoney.com/nationwide-transfer/mortgage-intermediaries
At a glance
The High Court is due to sit on 23 February 2026 to decide if the transfer of Virgin Money’s business to Nationwide can go ahead.
If approved, the transfer is expected to happen on 2 April 2026.
You will still be able to submit applications for Virgin Money and Clydesdale Bank mortgages in the same way as you do today.
Please read the information we have sent you, including how you can object if you have any concerns. You can also visit virginmoney.com/nationwide-transfer
Working with Virgin Money and Clydesdale Bank after the transfer
As part of combining the businesses, we plan to transfer the business of Virgin Money and Clydesdale Bank to Nationwide. This includes your relationships with Virgin Money and Clydesdale Bank.
As a result of the transfer, there won’t be any changes to:
- How you submit new applications
- How you manage existing applications
- Product switch processes
- Our lending policies
Next steps
A Court hearing needs to take place to decide whether to approve the transfer. This Court hearing is due to take place in the High Court in London on 23 February 2026, though this date may change. If it does, we’ll update our website at virginmoney.com/nationwide-transfer
If the Court approves the transfer, Virgin Money and Clydesdale Bank account(s) will transfer to Nationwide by a Court Order under Part VII of the Financial Services and Markets Act 2000 on 2 April 2026. This date may change too. If it does, we’ll update our website.
The transfer will happen automatically. We’ve worked closely with our regulators to make sure the transfer is made carefully and smoothly.
Objecting to the transfer
If you or your clients would like to object directly to us, please get in touch by 9 February 2026, and we’ll send a copy of your objection to the Court before the hearing on 23 February 2026.
You can call our dedicated team on 0800 066 5008* (or 00 44 141 880 2050** if you’re calling from outside the UK). We’re here from 8am to 6pm, Monday to Friday and 9am to 3pm on Saturdays.
If you prefer, you can also email us at nationwide-transfer@virginmoney.com or write to us at:
Nationwide Transfer
The team at Virgin Money
Sunderland
SR43 4JB
We will reply to all objections we receive and submit copies of these objections to the Court, as well as to the Prudential Regulation Authority and the Financial Conduct Authority.
If you want to object directly to the Court, you’ll need to do this in person by going to the hearing or sending a legal representative to speak for you. This is because the Court does not accept objections in writing.
You won’t be able to object after the Court hearing on 23 February 2026.
Help is at hand
If you have any questions about the transfer, you can call our dedicated team on 0800 066 5008* (or 00 44 141 880 2050** if you’re calling from outside the UK). We’re here from 8am to 6pm, Monday to Friday and 9am to 3pm on Saturdays.
If you prefer, you can also email us at nationwide-transfer@virginmoney.com
You can also find important information, including a summary of the terms of the transfer and a copy of the formal notice of the transfer, at virginmoney.com/nationwide-transfer
You can also speak to your Business Development Manager. To find yours, visit intermediaries.virginmoney.com/find-your-bdm
You can also contact us if you need your letter in another format (for example, Braille, large print or audio).
The team at Virgin Money
